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August 30, 2019

Adviser Bruce Lee launches quant investment manager Keebeck Alpha

Keebeck Wealth Management founder and CEO Bruce Lee has launched a quantitative investment management firm with seed funding from Koch Industries.

Dubbed Keebeck Alpha, the new firm will be based in Stamford, Connecticut. The business will focus on “hypothesis-driven research and process-based trading”.

It will be staffed by nine professionals, of which seven join from Koch Industries affiliated entity Spring Creek Capital.

The team will be headed by CIO Thong Nguyen, who was formerly in charge of the quantitative investment team at Spring Creek.

At Spring Creek, Nguyen managed the group’s strategic development and was integral in structuring the collaborative culture and research agenda.

Overall, Nguyen’s investment career spans more than two decades.

Lee set up Keebeck Wealth Management in Chicago last year, with backing from Dynasty Financial Partners.

A former employee of Merrill Lynch, Lee was dismissed from the firm over “conduct including failure to personally complete mandatory firm compliance training, resulting in management’s loss of confidence”.

At present, Keebeck Wealth Management oversees $950m in assets and focuses on serving HNW individuals and families.

Commenting on the new venture, Lee noted: “We look forward to seeing the team’s perpetual innovation and are excited to participate in the continued evolution of quantitative trading.”

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